St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-30
THE CHICAGO MARKETS.
How Grain and Provisions Fluc.
tuated Yesterday.
Special to the Globe.


Special to the Globe.
CHICAGO, Oct. 29.-Wheat closed a
tritle toppy last night, but it opened
good and strong this morning, and dur
Ing the hour of trading good business
was done within narrow limits. Leo
pold Bloom offered to buy any part of
100000 bu for May delivery at 795sc.
The opening was 7214c for November.
1889 for December and 791ac for May.
Corn started in dull, with early trading
on a basis of Age for November, 4l15c
for December and 4555c for May. Pro
visions were active. January pork fiuc-
tuated during the first hour between
Sl257l5@1265 Lard was a shade easier
at S6.3715 for January. Ribs inactive
and unchanged in value. The wheat
market dragged after the first flush of
bull enthusiasm had time to cool.
Stray cables and bull circulars were
powerleSS to keep the prices up in the
face of the general unloading of small
longs. The new leaders were not in the
market as buyers, and the crowd took it
in that they had fioated out of their
Vember went down TO below 72c; De
cember went to 731.c and May to 79l4c,
4 shrinkage of over 19c from the best
prices realized. New York circulated
bull points freely, but settled back like
Chicago. Receipts at other points inte-
ri0r continue to be liberal, and the eX-
port movement is diScouragingly small.
An increase of over 100000 bushels is
predicted by King, of Toledo,
and local Statisticians agree with
him. a small local shipping
business for export account is reported,
and exporters here and at the seabOard
in rannint of hn1liSh 1AX-iaaS
from the other side. Outside specu-
lative capital is keeping on the outside,
however. and the futures do not respond
TO the impetus given by the cash market.
The strength of the statistical Situa-
ton is not disputed, but in the absence
of public support this element does not
count for much. The local operators
who have been bulling wheat for four
or five days are said to have unloaded
large line on the privilege crowd yester-
day afternoon.
Corn was weak from the outset.
The principal pressure was on
the needs by months. The week
closing yesterday brought out
lot OF long property to-day.
There was no heavy individual selling,
but a constant drip, drip, drip all day.
The shipping business has fallen Off Land
receipts promise to increase. The mar
ktl Huciualeu WlIllln range OF &c ana
closed soft at the bottom or near the
bottom. Provisions let down during
the last half of the session. january
pork broke from Sl2.65 to sl2.40 and
January ribs and lard lost l0@15c. The
bulge yesterday is generally understood
to have been manipulated to run in the
wheat crowd shorts, who sold 10000 or
$4,000 barrels of pork around Sl2. The
bulge was said to have been engineered
by a prominent packer, though in
cidentalIy the two Charleys-Wright d
Linger- prOfited handsomely by the
coup. Receipts of hogs are Increasing,
and with the advance of winter farmers
will rush the grunters forward Re-
ceiptS for next week are estimated at
100000 to 100000 head. Lake engage
ments for to-day were 100000 bushels
of wheat and $4,000 bushels of corn.
Estimated receipts for Monday are l26
ears of wheat. SIS cars of corn, 204 cars
OF oats and $4,000 hogs.